According to official news, MicroStrategy today announced the pricing of its convertible senior notes due in 2031 with an aggregate principal amount of $525 million and an interest rate of 0.875%. The notes will be sold in a private placement to qualified institutional buyers. The offering is an increase from the previously announced offering of $500 million in aggregate principal amount of notes, which is expected to close on March 18, 2024, subject to customary closing conditions. The notes will be MicroStrategy's unsecured senior debt, bearing an annual interest rate of 0.875%, payable semiannually on March 15 and September 15 of each year, beginning on September 15, 2024.